Philippines Business News

BoC, LTO probes possible Porsche misdeclaration

THE BUREAU of Customs (BoC) is investigating the possible misdeclaration of a Porsche 918 Spyder that was declared upon importation as a lower-priced Porsche Boxster, reflecting a P44.76-million difference in dutiable value. The investigation followed the Land Transportation Office’s (LTO) probe into the vehicle’s alleged use of an unauthorized plate and information indicating a possible […]

MGB flags 106 Cordillera barangays at risk of landslides

BAGUIO CITY — The Mines and Geosciences Bureau (MGB) Cordillera has warned of possible landslides and flash floods as the southwest monsoon continues to dump rain over the region, urging local governments to prepare for possible evacuations. MGB-Cordillera Regional Director Socrates G. Gaerlan called on provincial, city and municipal governments and disaster risk reduction councils […]

Green lane-eligible investments nearing P400B

ABOUT P391.84 billion worth of projects have been endorsed to the “green lane” system of expedited permits in the first seven months, the Board of Investments (BoI) said. In a statement on Monday, the BoI said 22 projects were deemed strategic and eligible for “green lane” treatment by the end of July. These are expected […]

US biz delegation encouraged by direction of PHL economic reform

A DELEGATION of US business executives said US companies are eager to step in as partners to the Philippines as it pursues its program of economic reforms. “The Philippine government has demonstrated a strong commitment to advancing its economic priorities, and the US private sector is committed to being a trusted partner in helping achieve […]

DTI obtains budget funding to pay CARS participants

THE Department of Trade and Industry (DTI) said it obtained budget funding to pay auto companies participating in the Comprehensive Automotive Resurgence Strategy (CARS) program. “We were able to secure the budget to pay for the CARS arrearages, padating na po (it’s on the way) but it’s in the process,” Trade Undersecretary Ceferino S. Rodolfo said during […]

Early-warning monitoring system to guard against vegetable oversupply

THE Department of Agriculture (DA) said that its Agricultural Marketing Assistance Service will configure its market early-warning system to address possible oversupply situations that result in the dumping of unsold vegetables. The DA is also planning to work with other government agencies that could buy up the surplus highland vegetable harvest to create more reliable […]

Diesel price rise to top P2/liter

MOTORISTS will continue to feel the impact of the turmoil in the Middle East, with diesel prices set to rise again by over P2 per liter, the Department of Energy (DoE) said. In an advisory on Monday, the DoE, which was given the authority to guide fuel prices during the energy emergency, said gasoline prices […]

Mining EO seen unlocking processing investment

EXECUTIVE ORDER (EO) 122, which established the National Policy Framework for Developing the Critical Minerals Industry, is expected to accelerate investment and exploration in mining by focusing on higher-value processing, miners and regulators said.

BCDA, StB GigaFactory to explore developing RE in New Clark City

THE Bases Conversion and Development Authority (BCDA) said it signed a memorandum of understanding (MoU) with StB GigaFactory, Inc. to deploy renewable energy (RE) solutions inside New Clark City. In a statement on Monday, the BCDA said StB GigaFactory will advance RE generation, energy storage systems, and e-mobility solutions across New Clark City and other […]

DEPDev hopes to complete AI framework in Sept.

THE Department of Economy, Planning, and Development (DEPDev) said it is targeting the completion of an artificial intelligence (AI) governance framework by September. Economy Undersecretary Rosemarie G. Edillon said the framework is expected to establish safeguards for AI adoption while supporting innovation and improving productivity. “We are actually finalizing an AI governance framework. We hope […]

PHL pressed to take lead on ASEAN climate security

THE PHILIPPINES needs to take the lead on climate security within the Association of Southeast Asian Nations (ASEAN), making climate resilience part of the region’s security agenda, officials said. Speaking at a climate security forum co-organized by think tank Stratbase Institute and the German Embassy, Environment Secretary Juan Miguel T. Cuna called for climate resilience […]

A Tax Odyssey: The journey toward QDMTT

In Homer’s The Odyssey, Odysseus sailed through unfamiliar seas for 20 years in his quest to return home to Ithaca. Along the way, he encountered a cyclops, sirens, storms, witches, and countless detours that threatened to pull him away from his destination. But despite these hurdles, his objective remained unchanged: finding his way back home. […]

More Gen Zs, millennials invest in gold amid economic uncertainties

The Palawan Group of Companies said it has seen an increase among younger generations, specifically Generation Zs and millennials, investing in gold amid global economic uncertainties and shifts. “Millennials are actively investing in gold; that was a big surprise. Now, slowly, we can see some of the Gen Zs also,” Palawan Group of Companies President […]

Pagcor imposes P1-M fine on gambling firm linked to Ivana Alawi iPhone giveaway

Pagcor chairman Alejandro Tengco says, 'We fined the online gaming company P1 million and, together with that, gave them a stern warning na hindi na dapat maulit ito'

P1-billion boost for Project NOAH targets early flood warnings

Of the amount, P935 million will support research services, while P65 million will fund general management and supervision.

This maritime leader is the first woman to receive the RVR Nation Building award

Doris Magsaysay Ho, the CEO and president of the Magsaysay Group of Companies, receives the award for her 'people first' style of leadership

Bessent announces campaign to cut Iran from global economy

Jobstreet by SEEK reveals 80% of Filipinos feel fairly paid, but only 59% are happy with their salary

Despite ongoing cost-of-living challenges and inflationary pressures, the Philippines emerges as one of the regional leaders in salary optimism.

Fuel prices to rise again in last week of August

Motorists face another round of fuel price increases starting Tuesday, August 25.

US plans 7.5% China overcapacity tariff before Sept. 24 Xi-Trump summit

Jetex Announces Opening in Sofia

Jetex Sofia is anticipated to welcome its first guests in Q4 2026. Jetex Announces Opening in Sofia Jetex Sofia is anticipated to welcome its first guests in Q4 2026. Dubai, Aug. 24, 2026 (GLOBE NEWSWIRE) -- Jetex, the world's leading luxury lifestyle brand, and SOF Connect have signed an agreement to develop and operate a VIP lounge at Vasil Levski Sofia Airport, the main international airport of Bulgaria and the sixth-largest international airport in Central and Eastern Europe. The airport pla

Share buybacks in Ericsson during the period August 17 - August 21, 2026

STOCKHOLM, Aug. 24, 2026 /PRNewswire/ -- During the period August 17 - August 21, 2026, Telefonaktiebolaget LM Ericsson (publ) ("Ericsson") (LEI code 549300W9JLPW15XIFM52) repurchased own Class B shares (ISIN: SE0000108656) as follows: Date Aggregated daily volume (number of shares)Weighted average share price per day (SEK)Total daily transaction value (SEK)17/08/2026500,00097.332348,666,150.0018/08/2026500,00096.827848,413,900.0019/08/2026999,36096.703696,641,709.7020/08/2026750,00096.145872,10

Raffy Tulfo to Acosta: 'You are stupid in the name of blind loyalty'

MANILA, Philippines — Senator-judge Raffy Tulfo on Monday called Gina Acosta, former special disbursing officer of the Office of the Vice President (OVP), "stupid in the name of blind loyalty" as he questioned her reliance on the documents and explanations provided by former OVP security officer Col. Raymund Lachica despite seeing the same signature on receipts bearing different names. During his interjection at the impeachment trial of Vice President Sara Duterte, Tulfo pointed out that s

Sue Ramirez bids farewell to late mother

MANILA, Philippines — Sue Ramirez shared an emotional farewell to her mother Chit Dodd, describing the loss as a pain that will never leave her heart. The actress took to Instagram to express her grief and reflect on the life and love she shared with her mother. “Kung may mas mahaba pa sa habang buhay ganun kita katagal mamahalin, Mi. Ito ang sakit na hindi mawawala sa puso ko kailan man. Hindi ko alam kung anong gagawin, Mi. Hindi namin alam kung paano mabuhay sa mundo ng wala ka (I